Local Development
A
PALMS SPECIALTY INSURANCE CO
Rating Date
December 2023
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
10.28
Risk Adjusted
Capital Ratio #2
6.81
Loss
Ratio
79.00%
Total
Assets
597.18M
Capital
473.05M
Net
Premiums
125.01M
Net
Income
-34.13M
My Lists My Alerts
Report
Weiss Ratings PALMS SPECIALTY INSURANCE CO
Juno Beach, IL 		Click to
Compare		 Click to
Compare		 Click to
Compare
Rating A
Capitalization Index 10.00
Investment Safety Index --
Liquidity Index 10.00
Profitability Index 2.90
Reserve Adequacy Index 3.60
Stability Index 6.40
Company Info PALMS SPECIALTY INSURANCE CO
Juno Beach, IL 		Click to
Compare		 Click to
Compare		 Click to
Compare
Industry P&C
NAIC Number 17327
Phone Number (561) 310-9368
Website www.palms-insurance.com
Address 251 Little Falls Drive Juno Beach, IL 19808
Balance Sheet PALMS SPECIALTY INSURANCE CO
Juno Beach, IL 		Click to
Compare		 Click to
Compare		 Click to
Compare
Total Assets 597.18M
Capital and Reserves PALMS SPECIALTY INSURANCE CO
Juno Beach, IL 		Click to
Compare		 Click to
Compare		 Click to
Compare
Risk-Adjusted Capital Ratio #1 10.28
Risk-Adjusted Capital Ratio #2 6.81
1-Year Reserve Development 0.00%
2-Year Reserve Development 0.00%
Capital 473.05M
Premium to Surplus 26.40%
Reserves to Surplus 2.50%
Investments PALMS SPECIALTY INSURANCE CO
Juno Beach, IL 		Click to
Compare		 Click to
Compare		 Click to
Compare
Cash --
CMO & Structured Securities --
Common & Preferred Stock --
Invested Assets --
Investments in Affiliates 0.00%
Mortgages in Good Standing --
Non-Investment Grade Bonds --
Non-Performing Mortgages --
Other Investment Grade Bonds --
Other Investments --
Real Estate --
Operating Ratios PALMS SPECIALTY INSURANCE CO
Juno Beach, IL 		Click to
Compare		 Click to
Compare		 Click to
Compare
Medical Loss Ratio --
Cash From Underwriting 97.70%
Combined Ratio 113.90%
Expense Ratio 34.90%
Loss Ratio 79.00%
Net Premium Growth --
Other Medical PALMS SPECIALTY INSURANCE CO
Juno Beach, IL 		Click to
Compare		 Click to
Compare		 Click to
Compare
Bonus Pay --
Capitation Pay --
Contractual Pay --
Enrollment --
Fee For Service --
Medical Expense Per Member Per Month --
Network Physicians --
Other Pay --
Salary Pay --
Total Patient Encounters - Physician --
Total Patient Encounters-Non-Physician --
Profitability PALMS SPECIALTY INSURANCE CO
Juno Beach, IL 		Click to
Compare		 Click to
Compare		 Click to
Compare
Net Income -34.13M
Net Premium 125.01M
Health Premium --
Weiss Ratings